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Show NEVADA'S. NW LAW RELATIVE TO MINES. Nevada's legislature at iLs session last winter made some changes In the law governing mining corporations One provision of the law as passed In 1909 was that all mining corporations should file statements semi-annually. This the last legislature amended. Section one of the said act is hereby amonded so as to read as follows: Every corporation owning, claiming, holding, leasing or engaged in the business of working or developing an mining claim or mining property, or interest therein, in the state of Nevada, Ne-vada, and selling or offering for "sale, either directly or indlrectllv, nny of its ,6hares or capital slock shall, with.'n i sixty days after expiration of the first islx months of Its exfstence as a corporation, corpor-ation, and aiyiuallj? thereafter within sixty days after the first" dayof the months of it-? existence' as, a corporation, corpor-ation, and annually thereafter within s.xty days after the first day of the month provided by its iiy.kiws fr Its annual meeting of stockholders, file in the office of the county recorder of each county wherein such mining property is situated, and In the office of the attorney-general of this estate, a statement dyly subscribedr and sworn to before a notary public (or other officer authorized by law to administer oaths), by its president or jVice president, and Its secretary. If it Ms a domestic corporation, and also by its resident agent, If a foreign corpor- at'on; provided, however, that tho failure of the 'by-laws of any such corporation cor-poration to provide a date for th annual meeting of the stockholders thereof shall not excuse said corporation corpor-ation from filing such a statement once during each calendar year Said statement shall cover the period of time between that embraced In tho previous statement filed In acordance herewith and the first day of the month in which said annual meeting is to be held, or In the event that such statement Is the fisst statement to be filed by any corproatlon In conformity with this act, such statement shall cover cov-er the first six months of the existence exist-ence of such corporation This statement requires the name oi each claim .and fraction description and location, nature of title, charac ter, value and general description of all Improvements, building on unpatented unpat-ented claims, etc . total amount and descrlptlo of all development work on unpatented claims, total number of shares, classes and par value, treasury, treas-ury, etc ; total treasury sales and suras rocolved; salaries paid; amounts expended for advertising, etc.; total value of ores produced. The law winds up with the following-Section 5 All stocks or shares of every mining corporation doing business busi-ness in this state that have been, or shall be specifically set aside to sell for money or other valuable consideration, considera-tion, and the proceeds of which are to be used for the actual development of any mining claim, or claims, or for the purpose of making necessary or useful improvements thereon, or for the purpose of maintaining such corporation, cor-poration, or preserving or enhancing its assets, are hereby deemed and declared de-clared to be treasury stock, and all other stock of such corporation is hereby deemed and declared to be treasury stock within the meaning of this act |